XML 20 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues:    
Premiums earned $ 10,649,089 $ 7,686,400
Insurance commissions 2,050,838 2,212,849
Investment and other income 662,270 339,061
Total Revenues 81,234,194 56,971,811
Costs and Expenses:    
Cost of insurance revenues (exclusive of depreciation and amortization) 4,755,583 3,182,497
Employee costs 26,343,272 34,245,526
Professional fees 5,300,275 7,703,901
General and administrative 12,861,992 9,756,257
Amortization 6,474,791 4,549,608
Depreciation 8,649,066 5,579,026
(Gain) loss on disposition of assets (61,377) 178,911
Accretion 206,359 134,360
Total Costs and Expenses 86,464,089 80,738,680
Net Loss from Operations (5,229,895) (23,766,869)
Other Income (Expense):    
Interest and dividend income 434,941 999,682
Equity in (loss) income of unconsolidated affiliates (1,387,620) 878,921
Other investment (loss) income (15,635,690) 93,163,697
Gain recognized on deconsolidation of special purpose acquisition company 24,977,740 0
Remeasurement of warrant liability 1,837,211 2,854,407
Interest expense (1,207,544) (956,050)
Net Income Before Income Taxes 3,789,143 73,173,788
Income tax benefit (expense) 3,496,121 (17,693,980)
Net Income 7,285,264 55,479,808
Noncontrolling interest in subsidiary income (145,716) (2,731,631)
Net Income Attributable to Common Stockholders $ 7,139,548 $ 52,748,177
Basic Net Income per Share (in dollars per share) $ 0.24 $ 1.82
Diluted Net Income per Share (in dollars per share) $ 0.24 $ 1.82
Basic Weighted Average Class A and Class B Common Shares Outstanding (in shares) 29,698,732 28,978,223
Diluted Weighted Average Class A and Class B Common Shares Outstanding (in shares) 29,766,247 29,046,514
Billboard Rentals [Member]    
Revenues:    
Revenues $ 39,244,726 $ 31,499,235
Costs and Expenses:    
Cost of revenues (exclusive of depreciation and amortization) 14,395,627 12,094,834
Broadband Services [Member]    
Revenues:    
Revenues 28,627,271 15,234,266
Costs and Expenses:    
Cost of revenues (exclusive of depreciation and amortization) $ 7,538,501 $ 3,313,760